Blockchain Investing Strategies: Cryptocurrency Trading Guide podcast.
Hey friends, Crypto Willy here—and let’s roll into another wild week in blockchain investing, because the charts have been spicy, market sentiment’s on edge, and as always, the next trading strategy might just be around the corner.
Let’s talk Bitcoin first. Friday saw a brutal sharp dip: Bitcoin wicked down fast to $102,000, bouncing back to close nearer $114,000. This wasn’t just your average volatility—traders literally gasped as the June upward trendline snapped, signaling sellers were taking the wheel according to TradingView pros. Buyers hustled to defend the $108,000–$110,000 range, right where the previous all-time high sits. The real psychological battle? Everyone’s watching if BTC can hold above $100,000 support and push past stiff resistance around $124,000 to $126,000.
So what set off the fireworks? Reuters and Economic Times both point a finger at a hot mess of global macro shocks. There was a US–China trade scare on Friday, ripping through all risk assets and crypto, and then cascading liquidations did the rest. Nearly $1 trillion evaporated from the global crypto market cap in about one hour—and it wasn’t just Bitcoin. Ethereum nosedived to $3,764, with altcoins like Binance Coin tumbling 10%, Solana down 8%, and XRP taking a nearly 7% haircut.
For the technical traders in the house: we’ve got an asymmetric double top on the BTC chart—a classically bearish signal. Momentum remains weak, and trading volume is still in the basement, so any bounce has been met with skepticism. Fear and greed index? Slumped to 28, major fear territory, last seen in April. Seasoned investors like Anthony Pompliano are hinting this could be a spot to buy for those brave enough to hold through stormy seas.
On the institutional front, U.S. Bitcoin and Ethereum ETFs saw massive outflows—$536 million out the door on Thursday alone for Bitcoin ETFs, with Ethereum ETFs losing another $57 million. ARK & 21Shares saw the biggest yanks at $275 million, followed by Fidelity and Grayscale. But it’s not all bearish: BlackRock’s ETH fund managed to post inflows, showing that not everyone’s running scared. And Florida lawmakers just introduced a bill to allow up to 10% of the state’s General Revenue Fund into Bitcoin and crypto ETFs—a pretty big nod from the world of public finance.
Let’s wrap up with strategies: In shaky times like these, managing your risk is everything. Stop losses are your friend, and laddering your entries in tranches (instead of going all-in at once) reduces emotional turbulence. For the risk-hungry, the current fear could be a golden entry—just remember, “time in the market beats timing the market,” but only if you survive the swings. Meanwhile, keeping an eye on macro trends (like ETF flows and geopolitical headlines) is as important as the chart patterns right now.
Thanks for tuning in with me, Crypto Willy! Come back next week for more real talk and actionable alpha. This has been a Quiet Please production, and for more, check out QuietPlease Dot A I.
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